Nicola Mining Inc. (TSX-V: NIM) (FSE: HLIA) (OTCQB: HUSIF) is a public resource mining company with a successful management team experienced in consolidating and unlocking asset value of its high-potential assets. The Company’s portfolio consists of high-potential assets.

Corporate Presentation

Operations

Merritt Mill & Tailings Facility

Located in the Thompson-Okanagan mining district’s heart, the Merritt mill and tailings site spans roughly 980 acres of fee simple land. This facility, capable of processing 200 tonnes of ore per day through crushing, grinding, and flotation, is authorized for custom milling and is situated 10 kilometers northwest of Merritt, BC.

Nicola’s Merritt Mill stands as the only facility in British Columbia permitted to process third-party gold and silver mill feed from across the province.

Sand & Gravel Pit / Rock Quarry/ Ready-Mix Concrete Plant

The Merritt Mill Property hosts an active gravel pit under a tolling agreement, located on District Lot 4234, Thompson Nicola Regional District, Parcel 005 | 729 | 289. Permitted for an annual production of approximately 100,000 tonnes, the gravel pit is operated by Infracon – Lower Nicola Site Services Limited Partnership. Interested parties can find more details about utilizing materials from the Nicola Quarry in our May 2, 2022, news release.

PROJECT SNAPSHOT

In May 2022, Lower Nicola Site Services (LNSS), a partnership between Infracon and the Lower Nicola Indian Band Corp., initiated production at the Nicola Mines Quarry & Gravel Pit. This quarry provides riprap, aggregates, concrete rock, and sand to local companies, supporting various local projects such as the Trans Mountain Pipeline Expansion and the Department of Fisheries and Oceans (DFO) initiatives.

Projects

New Craigmont Copper Project

Located 14 km northwest of Merritt and 190 km northeast of Vancouver, the New Craigmont property is easily accessed via paved roads from Vancouver, Kamloops, and Kelowna, and is serviced by hydroelectric power (Fig 1).

The Craigmont Property is composed of 10 mineral leases and 22 mineral claims covering an area of over 10,800 ha. Access is by a 14 km paved road from the city of Merritt, British Columbia. The property’s excellent infrastructure, comprising maintained dirt roads, as well as numerous tracks, allows for easy access to all areas of the property. The Merritt Mill is located on the property and benefits from connection to the BC power grid.

Treasure Mountain Silver Project

The Treasure Mountain mine property, under the full ownership of Nicola Mining Inc., is located within the Similkameen Mining Division in British Columbia. Positioned 29 kilometers northeast of Hope, BC, this property is conveniently accessible via a 3-hour drive from Vancouver, BC. The property consists of 31 mineral tenures, which include 30 mineral claims and a single mineral lease, spanning an area exceeding 2,200 hectares.

Dominion Creek Project (Au-Ag)

Nicola Mining Inc. maintains a 75% economic interest in the Dominion Creek Property via 50% land interest and 50% Mining and Milling Profit Share Agreement.  Ore from the Dominion Creek Property will be extracted and processed at the Merritt Mill Site.

The Dominion Creek Property which is approximately 43 kilometers northeast of the Town of Wells and is strategically located in highly prospective ground with excellent potential for the discovery of major gold and associated base metal deposits.

The claims cover approximately 7.5 kilometers of the highly anomalous Isaac Lake Fault system. A British Columbia regional stream geochemical survey (RGS) originally identified the mineral potential of this area.  The Company and its partner have received a bulk sample permit to extract up to 10,000 tonnes or ore, which it expects to commence in 2025.

Management

Peter Espig

President, Chief Executive Officer and Director

Mr. Espig assumed the role of President and CEO on November 7, 2013 and guided the Company through its restructuring, which included entering the company into CCAA and successfully exiting on November 21, 2014. He is experienced in the analysis of investment opportunities, raising capital, deal sourcing, financial structuring, and corporate turnaround. Mr. Espig has structured over US$2.0 billion in private equity and pre-IPO investment transactions from the principal side and is a pioneer of SPACs, having completed over $1.0 BN in transactions.

Mr. Espig served as Vice-President of the Principal Finance and Securitization Group and Asia Special Situations Group for Goldman Sachs Japan. Prior to joining Goldman Sachs, Mr. Espig was Vice-President of Olympus Capital, a New York private equity firm, where he participated in corporate restructurings, investment analysis and financing negotiations for both domestic and international investments.

In 1989, Mr. Espig received his B.A. from the University of British Columbia and later received his MBA from Columbia Business School, where he was a Chazen International Scholar.

Mr. Espig has been active in the turnaround of mining projects and has functioned in management and director roles for numerous mining companies.

Will Whitty

VP of Exploration

Mr. Whitty has over fifteen years of advanced-stage exploration experience working on a variety of porphyry copper +/- molybdenum deposits and copper skarns as well as Carlin-style gold and orogenic gold deposits.  Mr. Whitty completed his B.Sc. degree in geology at Carleton University in Ottawa and his M.Sc. degree in geology with the Mineral Deposit Research Unit (“MDRU”) at UBC in Vancouver. After graduating, he worked as a consultant for TetraTech EBA. He subsequently, moved to Arizona where he worked for Freeport-McMoRan for nine years with the mine site exploration group where he provided geological services to most of the companies mines in the southwestern US. Before coming to Nicola, Mr. Whitty worked for Nevada Gold Mines, a Barrick-Newmont joint venture, at the Goldrush Mine, which is located within the Cortez district in northern Nevada.  As Senior Geologist at the newly producing mine, he successfully managed multi-million-dollar drill programs.

Vicente García

Senior Geologist

Mr. García has over seven years of exploration experience across porphyry Cu-Mo, IOCG, stratabound copper, epithermal gold-silver, and lithium-rich brine systems. He holds a B.Sc. in Geology from the University of Concepción in Chile. After graduating, he worked for several years with Kura Minerals, an exploration consulting company, where he was involved in programs targeting a variety of commodities. He later joined Quiborax, where he focused on the exploration of Ulexite in salar environments. In 2020, he founded Mayal Exploration, a consulting company through which he provided geological services including drill core re-logging, surface mapping, and 3D geological modeling for various mining clients in Chile. In 2022, Mr. García relocated to Canada and joined Dahrouge Geological Consulting, contributing to Ni-Cu sulfide and lithium pegmatite exploration projects in the Timmins region of Ontario and the James Bay area of Quebec. Before joining Nicola Mining, he worked at Anglo American, where he supported international exploration programs targeting Cu-Mo porphyry systems in Arizona and orthomagmatic Ni-Cu-PGE systems in Greenland.

Bill Cawker

Corporate Development

Bill Cawker joined Nicola in March of 2023 taking over duties for Corporate & Investor Relations, Social Media, and in March 2024 as Corporate Secretary. He is an experienced in-house specialist who has worked primarily assisting small cap / microcap publicly listed companies in the fields of technology and natural resources. Bill has worked at leading Canadian financial institutions and been active with numerous public companies and is a graduate in Economics from the University of British Columbia where his focus was CDN and US Economic History specifically Free Trade.

Sam Wong

Chief Financial Officer

Sam Wong is a Certified Public Accountant with more than 18 years of international experience in the mining and resource sector. He has held senior executive positions in publicly traded mining companies. Mr. Wong’s expertise includes financial reporting, corporate risk management, corporate strategy and planning, and investment evaluation. Mr. Wong began his career at Deloitte LLP in Vancouver, where he provided assurance and tax services.

Board of Directors

Peter Espig

President, Chief Executive Officer and Director

Mr. Espig assumed the role of President and CEO on November 7, 2013 and guided the Company through its restructuring, which included entering the company into CCAA and successfully exiting on November 21, 2014. He is experienced in the analysis of investment opportunities, raising capital, deal sourcing, financial structuring, and corporate turnaround. Mr. Espig has structured over US$2.0 billion in private equity and pre-IPO investment transactions from the principal side and is a pioneer of SPACs, having completed over $1.0 BN in transactions.

Mr. Espig served as Vice-President of the Principal Finance and Securitization Group and Asia Special Situations Group for Goldman Sachs Japan. Prior to joining Goldman Sachs, Mr. Espig was Vice-President of Olympus Capital, a New York private equity firm, where he participated in corporate restructurings, investment analysis and financing negotiations for both domestic and international investments.

In 1989, Mr. Espig received his B.A. from the University of British Columbia and later received his MBA from Columbia Business School, where he was a Chazen International Scholar.

Mr. Espig has been active in the turnaround of mining projects and has functioned in management and director roles for numerous mining companies.

Frank Hogel

Chairman / Director

Mr. Hogel is an Asset Manager actively involved in the financial evaluation of companies and convertible debenture restructuring. He is on the  advisory board of Concept Capital Management and has served as President and Chief Executive Officer of Peter Beck Performance Funds and  Peter Beck and Partner Asset Management Company Limited since 2002. He has been actively involved in the mining sector for fifteen years.

Dr. Paul Johnston

P.Geo., Director

Dr. Johnston is a professional geoscientist with over 30 years of mining industry experience and currently serves as Vice President Exploration at  Element 29 Resources. He has accumulated extensive international experience in early to advanced stage exploration for gold, copper, and zinc.

Dr. Johnston began his career in the late 1980s as a mine geologist before joining Teck Resources, where he worked in a variety of international  positions, including Regional Chief Geoscientist for South America. He holds a PhD from Queen’s University and is a member of the Association of  Professional Engineers and Geoscientists of British Columbia.

Malcolm Swallow

Director

Mr. Swallow has extensive experience in providing guidance to operating and developing mining companies and mines, including all aspects of precious and base metals and industrial minerals developments, mine and mill construction and operation, start-ups and re-starts of existing operations; project development from green field site to fully constructed mine, plus overhaul of existing operations and project evaluation.

He has wide knowledge of construction and operation of underground and open pit operations, solid knowledge of mineral processing techniques, familiarity in overseas and remote developments in dual languages, permitting and environmental compliance and all other aspects of mine management and mining operational turn arounds, plus report writing, and financial evaluation, for both base and precious metals and industrial minerals opportunities.

Brent Omland

Director

Brent Omland has served as the Chief Financial Officer and as a Director of Ocean Partners Holdings Limited since 2013. In 2023, Mr. Omland was appointed to the role of co-CEO of Ocean Partners.  Before joining Ocean Partners, Mr. Omland was the Chief Financial Officer for Ivernia Inc. and Enirgi Metals Group, companies focused on lead mining and secondary lead smelting in Australia.

Mr. Omland also worked in finance roles for Teck Cominco. Mr. Omland is a graduate of the University of British Columbia (Commerce) and a Canadian Chartered Accountant with 20 years of experience in the mining, metals, and trading business.  He also serves on the boards of Galantas Gold Corporation and Dore Copper Mining Corporation.

Contact

Head Office
Suite 1212 – 1030 West Georgia Street
Vancouver, BC V6E 2Y3

Corporate Affairs, Corporate and Investor Relations
Bill Cawker
Phone 604-649-0080
info@nicolamining.com
ir@nicolamining.com

Merritt Mill
3329 Aberdeen Road
Lower Nicola, BC  V0K 1Y0
Phone 250-280-1530

Peter Espig CEO
peter@nicolamining.com